Posted by Shawn Maclauchlan
RICHMOND, VA (WWBT) - If you're planning on tying the knot before the year's end, be aware it could be a "taxing" experience.
That's because even if you marry on New Year's Eve, you're married for the entire year according to the IRS.
That means you'll be taxed at a married rate.
You could choose to file jointly with your spouse and save some money, but if your newlywed spouse has tax problems, and you file jointly, you're on the hook with him or her.
Filing separately keeps your affairs separate and safe.